4880 Klamath Rd Kelseyville, CA 95451
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About this home
Two LOTS with this delightful 3 bedroom, 2 bathroom home that offers the perfect blend of comfort, convenience, and lakeside charm in the desirable Clearlake Riviera community. Enjoy a bright and airy living room, perfect for relaxing with family and friends. Imagine cozy evenings spent here after a day on the lake. The kitchen offers ample counter space and storage, making meal preparation a breeze withe easy access to the back deck for BBQ's. Three generously sized bedrooms provide peaceful retreats. No more morning rush with two full bathrooms to accommodate everyone. While not directly on the lakefront, the captivating lake views down the street offer a daily reminder of the recreational opportunities and natural beauty that surround you. Situated in the sought-after Clearlake Riviera, you'll enjoy easy access to the lake for boating, fishing, and swimming. This charming home with its desirable location and inviting atmosphere won't last long. It's conveniently located near many amenities and shopping which include the Riviera Foods Market, Pogo's Pizza, Richmond Park Bar and Grill, Riviera Hills Country Club and Konocti Harbor Resort and Spa. 42 miles to Calistoga, 52 miles to Ukiah, 114 miles to Sacramento, 116 miles to San Francisco. Schedule your private showing today!
Source: CRMLS #LC25098723
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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